Obama: Student loan rate a 'no-brainer'

President Barack Obama is urging Congress to stop interest rates on student loans from doubling on July 1, calling it a 'no-brainer'. If Congress doesn't act, interest rates on new loans will double from 3.4 percent to 6.8 percent come July. (June 21)

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President Barack Obama is urging Congress to stop interest rates on student loans from doubling on July 1, calling it a 'no-brainer'. If Congress doesn't act, interest rates on new loans will double from 3.4 percent to 6.8 percent come July. (June 21)